S.4046: Simplify, Don’t Amplify the IRS Act

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Bill Summary

Simplify, Don't Amplify the IRS Act This bill limits Internal Revenue Service (IRS) enforcement authority and modifies certain IRS reporting requirements. It also eliminates certain restrictions on the use of coronavirus recovery funds. Among other provisions, the bill increases the gross receipts reporting threshold for certain religious and charitable organizations from $5,000 to $50,000; generally increases penalties for unauthorized...

(Source: Library of Congress)

Bill Actions

Date Description
April 7, 2022
Read twice and referred to the Committee on Finance. (consideration: CR S2607-2609)
April 7, 2022
Read twice and referred to the Committee on Finance.
April 7, 2022

Introduced in the Senate by Mike Braun (R-Ind.)

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